{"id":164739,"date":"2022-10-03T17:37:57","date_gmt":"2022-10-03T17:37:57","guid":{"rendered":"https:\/\/precoinnews.com\/?p=164739"},"modified":"2022-10-03T17:37:57","modified_gmt":"2022-10-03T17:37:57","slug":"usdc-will-integrate-with-decentralized-social-to-bring-web3-to-the-masses","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/usdc-will-integrate-with-decentralized-social-to-bring-web3-to-the-masses\/","title":{"rendered":"USDC Will Integrate With Decentralized Social to Bring Web3 to The Masses"},"content":{"rendered":"<p><strong>Los Angeles, California, 3rd October, 2022, Chainwire<\/strong><\/p>\n<ul>\n<li>A USDC integration with DeSo, a new blockchain that has raised $200 million from Coinbase, Sequoia, and Andreessen Horowitz, is launching next week<\/li>\n<li>The integration gives DeSo a financial bridge to millions of Ethereum users and DApps, giving them one-click access to end-to-end encrypted on-chain messaging and a full \u201cTwitter-like\u201d feature set<\/li>\n<li>The integration paves the way for DeSo to become a cross-chain social layer for all of web3<\/li>\n<\/ul>\n<p>Today, social media is controlled by a handful of private corporations\u2013 but that could soon change as blockchains like\u00a0<u>DeSo<\/u>\u00a0begin to onboard millions of Ethereum users from DeFi apps into social apps.<\/p>\n<p>As one of the industry\u2019s first illustrations of this, a USDC integration with the DeSo blockchain, backed by Coinbase, Sequoia, Andreessen Horowitz, and others, effectively gives any Ethereum user access to a full-fledged decentralized social network.<\/p>\n<p>The integration will allow millions of existing MetaMask and Ethereum users to onboard onto decentralized social apps with USDC, and message one another using gas-less end-to-end encrypted on-chain messages powered by DeSo. But that\u2019s not all\u2013 these Ethereum users also gain access to gas-less profile creation, gas-less posting, gas-less following of other users, with a fully-decentralized on-chain follow graph, and much more.<\/p>\n<p>The onboarding process is simple: Users can deposit USDC from MetaMask onto DeSo apps, and receive a DeSo-native stablecoin called DesoDollar. Once onboarded with USDC, all stablecoin transactions become virtually gas-less, costing less than one ten-thousandth of a cent.<\/p>\n<p>This financial bridge from Ethereum to DeSo will also allow developers to build web3 social apps for the first time. \u201cExisting blockchains cannot store content efficiently,\u201d says\u00a0<u>Nader Al-Naji<\/u>, the founder of DeSo. \u201cIt costs about $50 to store a 200-character Tweet on Ethereum, and about fifteen cents to store it on Solana, Avalanche, or Polygon. In contrast, DeSo is one ten-thousandth of a cent, making it the first blockchain capable of disrupting storage-heavy applications like social,\u201d he says.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/app.chainwire.org\/storage\/uploads\/users\/test_1664736926Bop7iSpTqV.jpg\"><\/p>\n<p>Although DeSo currently only supports USDC via Ethereum, DeSo also plans to integrate with other stablecoin ecosystems like Solana in the future as well. \u201cIt\u2019s not our goal to be tied to a single chain,\u201d says Al-Naji. \u201cDeSo is a cross-chain solution that allows people to connect with each other no matter what ecosystem they\u2019re a part of. DeSo is the unified social layer for all of web3,\u201d he says.<\/p>\n<p>This is the latest in a recent string of successes for DeSo. The platform listed on Coinbase earlier this year, announced\u00a0<u>a groundbreaking MetaMask integration<\/u>\u00a0last week that has caused\u00a0<u>a significant price surge<\/u>, and many new social apps like\u00a0<u>Diamond<\/u>, a web3 social network built on DeSo, have launched and are growing rapidly with a recent\u00a0<u>surge in user numbers<\/u>.<\/p>\n<p>In a world where many are dissatisfied with traditional social media, USDC and DeSo offer a decentralized solution that can finally compete with web2 juggernauts. \u201cDeSo is the first and only blockchain that allows developers to build social apps where you can\u2019t even tell you\u2019re on a blockchain,\u201d says Al-Naji. \u201cThat means, for the first time, we have a shot at finally expanding web3 from disrupting finance to disrupting the trillion-dollar social media industry.\u201d<\/p>\n<p><strong>About DeSo<\/strong><\/p>\n<p>DeSo is a new layer-1 blockchain built from the ground up to decentralize social media and scale storage-heavy applications to billions of users. They raised $200 million and are backed by Sequoia, Andreessen Horowitz, and several others.\u00a0<\/p>\n<p>$DESO, the native currency of the DeSo blockchain, is listed on Coinbase.<\/p>\n<p>For more information about DeSo and username claiming, visit\u00a0<u>deso.com<\/u>.<\/p>\n<h5>Contact<\/h5>\n<ul>\n<li><strong>Ash<\/strong><\/li>\n<li><strong>DeSo Foundation<\/strong><\/li>\n<li><strong>[email&#160;protected]<\/strong><\/li>\n<li><strong>7207677819<\/strong><\/li>\n<\/ul>\n<p>Source: <a href=\"https:\/\/www.cryptoglobe.com\/latest\/2022\/10\/usdc-will-integrate-with-decentralized-social-to-bring-web3-to-the-masses\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Los Angeles, California, 3rd October, 2022, Chainwire<\/p>\n","protected":false},"author":3,"featured_media":164738,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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